DCSIMG

Steam Packet cuts its debt

Waiting for Video...
 

The Steam Packet has completed a financial restructuring, which it says significantly reduces its level of debt.

A statement from the shipping company says that the restructure ‘places the company on a sound financial footing for the future, with a group of supportive shareholders and lenders, and has been achieved without the need for government funding or support’.

More on this story in Monday’s Isle of Man Examiner.

Meanwhile, a meeting is to take place this evening (Friday) where travellers can find out about Ellan Vannin Shipping, a rival firm aiming to begin freight services in the autumn and passenger services from next April.

The meeting takes place at Noble’s Park Pavilion in Douglas at 6pm.

 

Comments

 
 

Back to the top of the page